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and those are a lot of people taking jobs below their skill level, beau their pay grade -- below their pay grade. so what would you say is the, quote, real unemployment number? >> well, if you look at the measure of people unemployed or underemployed and out of the labor force without hope, you're looking at something that looks like 13.8%, very close to 14% of the population. it's a big number. patti ann: yeah. meanwhile, stock futures fell right after the report was released. the market's up right now. is there a suggestion, though, that investors will become concerned that the federal reserve is going to pull back on its stimulus efforts if the jobless numbers seem positive? >> i don't see any real hope of the fed pulling back quickly. the unemployment rate remains elevated, they've committed to not pulling back until unemployment comes down, and so investors are going to watch this month to month, and today's report went the wrong direction. they shouldn't be nervous about the fed tightening very quickly. patti ann: yeah. doug holtz-eakin, thank you as always for joining us. >> thank y
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